Thinking through the long term effect of Congress to pass legislation that would have allowed Bankruptcy Judges to modify loans secured by principal residences. Article is written from the perspective of a bankruptcy attorney with 24 years of experience, seeing the ravages of a credit based economy upon clients streaming in like wounded from a train wreck. We are all in the same life boat, writes Esbin, some are in the front, some in the back or in the middle, and some are hanging on for their lives. One thing is clear, the ship has hit the iceberg and is on its way down! Congress has ignored the warnings, instead listening to the builders of the credit economy that is best to serve their special interests than the better good of all. Truly, the patients are in charge of the insane asylum! Shakespeare could not have written a better sequel. "Et tu Obama!" The Founding Fathers would be truly disappointed!! Also visit www.louisesbin.com